Powering Australia Technology Fund
Through the $500 million Powering Australia Technology Fund, the CEFC is backing the growth of our climate tech ecosystem.
The Australian climate solution innovation ecosystem is richly diversified across many technologies, industry sectors and stages of development. We invest in businesses and entities that are developing, commercialising and supporting the deployment of technologies with the potential to accelerate Australia’s transition to net zero emissions by 2050.
Through the Powering Australia Technology Fund (PATF) the CEFC has the capacity to invest:
- Directly in Australian climate tech businesses that are driving the development, commercialisation or take up of clean energy technologies
- In funds managed by private equity, venture capital and other specialist fund managers that invest in Australian climate tech businesses that are driving the development, commercialisation or take up of clean energy technologies.
The Powering Australia Technology Fund targets economy-wide investment including
1Energy generation, distribution, storage and consumption, including solar, wind, battery storage, low- and no-carbon fuels |
2The built environment and circular economy, including energy efficient building materials, modular buildings and building management systems |
3Transport and mobility systems, including businesses and business models that accelerate the uptake of electric vehicles and other forms of low emissions mobility |
4Sustainable land use and land management technologies, methods and practices |
Identifying new investment opportunities
CEFC has launched a new initiative, the PATF Funds Program, that is seeking to identify investment opportunities in suitable climate tech focused funds. The objectives of the PATF Funds Program are to:
- Encourage flows of investment capital into the climate tech sector
- Develop and scale new technologies which have a credible emissions reduction pathway
- Generate investment returns commensurate with risk
- Catalyse a broader climate tech financing support industry.
Investment fund managers possessing an appropriate Australian Financial Services Licence are invited to express interest in the program.
Register here